According to the public record, Basement Flat B1, 24, Hove is a period apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in Basement Flat, Salisbury Road, Hove, BN3.
Salisbury Road, Hove, BN3 is located within the BN3 postal district.
Basement Flat B1, 24, Hove has no records in the Land Registry database and a single entry in the EPC database dated February 2020.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Basement Flat B1 24 Hove as £292,559 and the rental value as £1,334 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Basement Flat B1 24 Hove has increased by £1,908 (0.7%) and its rental value has increased by £118 per month (8.9%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Basement Flat B1, 24, Hove is in very good condition we estimate a sale value of £307,187 and rental value of £1,401 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £272,080 and a rental value of £1,241 per month.
If you were able to purchase this property for the estimated value of £292,559, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,438 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Basement Flat B1, 24, Hove within a radius of 270 metres over the last 2 years.
The most recent example is Flat 2, 10, Salisbury Road, Hove, BN3 3GT, a Leasehold flat which sold for £280,000 in Oct 2022.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Salisbury Road, Hove, BN3 has a total of 226 addresses. According to our analysis of all the public data, Basement Flat B1, 24, Hove is the 194th largest and the 173rd most expensive property on the street.
When compared to the postcode district it is £207k less expensive than the average property in BN3.
Basement Flat B1, 24, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Feb 2020.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Basement Flat B1, 24, Hove is Hove station which is 800 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Basement Flat B1, 24, Hove, 62.8% of property is privately rented and 25.0% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Basement Flat B1, 24, Hove, 6.9% of residents are recorded as possessing school level qualifications and 67.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Basement Flat B1, 24, Hove, the average age was 39.7 and the most common age was 27.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Basement Flat B1, 24, Hove, 0.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Basement Flat B1, 24, Hove, there are an average of 0.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.